What is London Fintech?
Fintech is Londonâ€™s fastest-growing sector.
22:21 15 April 2019
London’s Fintech sector is booming as evidenced by 61per cent increase in job creation in the last year alone. According to a report released by recruitment firm Robert Walters and market analyst expert Vacancy Soft, the number of e-money firms in the city capital has jumped 51per cent between 2017 and 2018. They predict that the fintech sector will grow even bigger as more than half of payment service providers in the UK will go digital by 2020.
Within Fintech, the roles in highest demand are PR, IT and marketing.
Ahsan Iqbal, Director of Technology at Robert Walters, says: “IT continues to dominate the hiring agenda for fintechs, with a third (30%) of roles within the sector dedicated to tech. In 2018, we saw IT vacancies within the fintech space increase by 74% when compared with 2017.
“The increase in demand for IT talent - coupled with Brexit-related concerns - poses the risk of stifling the talent pool. As a result, we are already starting to see salary inflations for IT professionals of around 6-8% - and some pretty impressive buy-back and counter offers.”